Act that mandates workers compensation benefits to civilians working for the federal government. The system is operated by the government, who also offer the benefits, so that no insurers have to be involved.
Insurance Encyclopedia
Federal Employees Retirement System (FERS)
Program for federal employees hired after 1984 or those hired before 1984 who switched from CSRS to FERS.
Federal Employees’ Compensation Act (FECA)
Act instituted in 1908 providing benefits for on-the-job injuries or occupational illness to all federal civilian workers.
Federal estate tax
A federal tax on the estate of a deceased person.
Federal False Claims Act (FCA)
See: False Claims Act (FCA) .
Federal flood insurance
See: catastrophe insurance policy .
Federal general revenues
Government tax from individual and business income taxes that are not reserved for any particular use.
Federal identification number
See: employer identification number (EIN) .
Federal Insurance Administration
An division of the U.S. Department of Housing and Urban Development that administers flood plans, FAIR plans, and federal crime insurance.
Federal Insurance Administration (FIA)
Administers the National Flood Insurance Program that provides insurance coverage for events that are not covered by traditional homeowners’ policies. By partnering with private insurance companies, FIA makes insurance available to many people who would otherwise be unprotected.